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FEDERAL HOME L. B. BD. v. GREATER DEL. VAL. FED. S. & L. ASS'N

No. 13028.

277 F.2d 437 (1960)

FEDERAL HOME LOAN BANK BOARD, Appellant v. GREATER DELAWARE VALLEY FEDERAL SAVINGS AND LOAN ASSOCIATION; and John S. Rice, Secretary of the Commonwealth, Robert L. Myers, Jr., Secretary of Banking of the Commonwealth of Pennsylvania, Intervening Defendants.

United States Court of Appeals Third Circuit.

Decided April 12, 1960.

Attorney(s) appearing for the Case

Ray E. Dougherty, Washington, D. C. (Mose Silverman, Albion W. Fenderson, Washington, D. C., on the brief), Thomas H. Creighton, Jr., General Counsel, Federal Home Loan Bank Board, Washington, D. C., for appellant.

Edward W. Mullinix, Philadelphia, Pa. (Fred L. Rosenbloom, Philadelphia, Pa., Guy G. deFuria, Chester, Pa., Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., deFuria, Larkin & deFuria, Chester, Pa., (on the brief), for appellee.

Anne X. Alpern, Atty. Gen. (Frederic G. Antoun, Deputy Atty. Gen., on the brief), for intervening defendants.

Before GOODRICH, HASTIE and FORMAN, Circuit Judges.

HASTIE, Circuit Judge.

In this case the Federal Home Loan Bank Board has sought a declaratory judgment that an attempted statutory conversion of Greater Delaware Valley Federal Savings and Loan Association from its original status as a federally chartered institution to that of a banking institution chartered by Pennsylvania has been legally ineffective. Officers representing the Commonwealth of Pennsylvania have intervened in opposition to the petition of the Board...

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